Tripadvisor to raise $300m through convertible note offering
US: Online travel site Tripadvisor has announced that it plans to raise $300 million in convertible notes via a private offering, in a move that may include “repayment of existing debts”. The issue of convertible notes is set to fund the costs of “capped call transactions and other general corporate purposes” and the private offering is due […]
Airbnb considering convertible note debt solution
US: According to reports by Bloomberg News, Airbnb is discussing using a convertible note in order to help combat future debt issues. The strategy is a way for companies in need of liquidity to acquire funds without overwhelming their debt capacity. A convertible note allows investors to convert a debt obligation into equity at any […]